IT companies' shares rise amid fall in global AI stocks; Nifty IT up 17% in one month
Analysts view Indian IT stocks as a relative hedge against the global AI trade because they can benefit from companies' growing need for AI consulting, integration and managed-services work, while requiring far less upfront spending on data centres and chips than global hyperscalers
Analysts view Indian IT stocks as a relative hedge against the global AI trade because they can benefit from companies' growing need for AI consulting, integration and managed-services work, while requiring far less upfront spending on data centres and chips than global hyperscalers
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